Welcome to Banking on KIDS

It is a well known fact that there is a strong link between financial education and the ability to manage and save money. But did you know that the Banking on Kids program was specifically designed to begin this learning process at the elementary/middle school level.

In 1995, the first Banking On Kids student-run bank opened . It proved to showcase just how simple it is to teach "banking concepts" to very young children.

The intent of opening a bank within an elementary/middle school is threefold:

To teach kids at a very young age the value of saving.

To design a banking curriculum that would teach money issues i.e. the origin of money, compound and simple interest, banking systems, and the workings of the Federal Reserve, and

To offer real-world experience by allowing students to operate a real bank using real money.

The results speak for themselves.

We believe it is paramount that an education on banking begin as early as kindergarten. Both parents and children alike must know that by building a consistent savings pattern starting at a young age ... a continued spirit of saving will flourish throughout one's life.

In a speech delivered via satellite to the National Council on Economic Education in Chicago in October, 2001 Federal Reserve Chairman Alan Greenspan stressed that understanding basic financial concepts such as budgeting and savings should begin as early as possible in the learning process. He stated that "...In many respects, improving basic financial education at the elementary and secondary school level can provide a foundation for financial literacy, helping younger people avoid poor financial decisions that can take years to overcome..."

Banking on Kids is an extremely affordable program that will provide your sponsoring bank/financial institution with:

The opening of student run banks within schools that are in close proximity to your bank branch offices.